Artificial Intelligence and Boards: governance recommendations for greater positive impact

  The use of artificial intelligence (AI) is growing rapidly across the world, changing whole sectors, creating business opportunities and with the potential to drive economic growth and transform lives.  It can, however, cause damage and harm to organisations using it and wider society so it has to be effectively controlled and managed by all…

The role of boards and NEDs in driving innovation

  In this blog, we explore the role of the board and non-executive directors in driving innovation. Innovation is important in the boardroom because it drives growth, competitiveness, and long-term success for the organisation. Innovation can be a key factor in determining the organisation’s ability to adapt to changing markets and customer needs, and to…

Financial lines insurance market: 2023 predictions

  Financial lines insurance market: what you need to know as a NED in 2023 Navigating today’s business environment is a huge task. Tightening regulations, increasing class action litigation, emerging technologies and increasing level of public and government scrutiny are all challenges presented to directors and officers. There are also emerging risks such as increasingly…

The role of the non-executive director

  In this blog, we remind you of important themes for non-executive directors that define the role and responsibilities of those serving on a board. Ensuring effective business governance. Non-executive directors play a key role in ensuring that a company has strong and effective governance and decision-making practices in place. This includes overseeing the work…

Cost-of-living crisis: NEDs need to bring all their experience to the boardroom

  The current economic climate is demanding more of management. Boards need to look to non-executive directors for guidance on handling these challenges, while thinking about taking opportunities. The final quarter of 2022 is seeing business squeezed by challenges in both supply and demand, and it looks likely that the UK will slip into recession by the end…

Identifying and managing conflicts of interest

  Conflicts of interest abound at board level. They are an important issue that all NEDs and boards have to handle. Conflicts distort decision-making and have the potential to undermine the integrity of boards. Recognising a conflict can be more complicated than you might think.   Guest speakers James Whitaker co-leads Mayer Brown’s global Environmental,…

How sustainable are your company’s green credentials?

  “How many times and in what contexts do the words “green”, “eco” and “sustainable” appear in your company’s financial statements, press releases and marketing materials?” Although this question has probably not yet featured in a proposal for Directors & Officers liability insurance, it is one which external regulators and other stakeholders are examining with…

Fit-for-purpose: best practices to amend your articles of association

  Reviewing and amending articles of association: best practices and learnings from the NEDonBoard community In August 2022, NEDonBoard hosted a roundtable to draw on the experience of its community with regard to reviewing and amending articles of association. The discussion was chaired by Nicky Heathcote, portfolio NED and board chair.   Introduction Articles of…

Cyber security, risk, and insurance for the board

Cyber security, risk, and insurance for the board In June 2022, NEDonBoard hosted subject matter experts Francis Kean and Shannan Fort, both partners in Financial Lines at McGill and Partners and Elaine Bucknor, portfolio non-executive director and former CISO.   Guest speakers Shannan Fort is a Partner of Financial Lines, Cyber at McGill and Partners.…